Decisions and Freeze and cease trade orders Securities

Montréal – At the request of the Autorité des marchés financiers (AMF), the Bureau de décision et de révision en valeurs mobilières (BDRVM) issued a decision on February 1, 2008 ordering Groupe 9-1-1 Finance S.E.N.C, 9-1-1 Finance inc., Mario Corriveau, Frédéric C. Tremblay, Liz Perez Villarreal, Johanne L’Heureux, Alice Plamondon and JeanPaul Mercier to cease any activity in respect of a transaction in securities, including activities as securities advisers, and to cease carrying on activities as securities advisers directly, indirectly or via the Internet, in particular through the sites www.9-1-1finance.com and www.kijiji.ca.

According to the AMF, it was imperative that the BDRVM issue this decision, with no prior hearing, to protect investors, since the individuals and entities named above acted as securities dealers or advisers via the Internet and seminars, among other means, without being registered with the AMF.

In its decision, the BDRVM expressed concern about the following allegations:

  • The following information appears on the 9-1-1 Finance website:
    • investors can earn interest income of 30%, 40% or even 400%;
    • these banking transactions and investment strategies are the best kept secrets of the wealthy, and investors can benefit from the same banking transactions and tax havens that the rich have been using for decades to safeguard their assets;
    • investors will have access to an information bulletin and to reports with privileged information and secrets about tax havens;
    • legal methods have been developed to transfer assets out of Canada and the U.S. to any nonforeign jurisdictions;
  • several information seminars directly related to the targeted investments, scheduled for February 4, 5, 6, 12 and 13, 2008, were offered via the respondents' website;
  • the respondents' website was still active at the time of the hearing;
  • none of the respondents were registered with the AMF as securities dealers or advisers, thereby violating section 148 of the Securities Act.

The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec’s financial sector.

— 30 —

Information:

Media only:
Frédéric Alberro (514) 940-2176

Information Centre:
Québec City: 418-525-0337
Montréal: 514-395-0337
Toll-free: 1-877-525-0337

Additional news